Skip to main content

Canadian billionaire Balsillie sets Sept. 14 deadline for Coyotes deal

The Hockey News

The Hockey News

PHOENIX - Canadian billionaire Jim Balsillie has submitted an amended proposed agreement to buy the bankrupt Phoenix Coyotes for US$212.5 million and immediately move them to Hamilton, with or without the NHL's consent.

The document filed Monday in U.S. Bankruptcy Court says Balsillie can walk away from the deal if the contentious issues in the complex case have not been resolved in his favour by Sept. 14. That's four days after the scheduled auction of the team and one day before the Coyotes are to play their first pre-season game.

Balsillie wants Judge Redfield T. Baum to rule his bid valid even though the NHL board of governors voted 26-0 against his application to become the team's owner.

The NHL says it is impossible to move the team for the coming season.

TOP HEADLINES

USATSI_8249100

Screen Shots: Alfie to the Hall, Kuemper and Filip Forsberg's Future

Adam Proteau fights for Daniel Alfredsson's hall of fame case, discusses the goaltending situation in Colorado and the future of Filip Forsberg in Nashville.

MC220624r-39

Memorial Cup Three Stars: Hamilton Stays Alive

The Edmonton Oil Kings had a heartbreaking end to the Memorial Cup, with the Hamilton Bulldogs staying alive after a tough start to the tournament. Take a look at three of Tony Ferrari's standouts from the wild Friday contest.

PXL_20220625_000929206

Stanley Cup Final Notebook: Sizing Up Game 6

It's another travel day, with the Tampa Bay Lightning holding off the Colorado Avalanche for an important Game 5 win to keep the season alive. Here's what the teams had to say on Saturday.